03:04 PM EDT, 10/28/2025 (MT Newswires) -- Estee Lauder ( EL ) is expected to report fiscal Q1 results within its guided range, supported by steady execution in recent quarters and early signs of recovery in China, RBC Capital Markets said Tuesday in a earnings preview note.

RBC said fiscal 2026 guidance is likely to remain unchanged, with category trends in the US showing resilience and consumer conditions broadly stable. The investment firm expects Q1 organic sales growth near the lower end of the range and adjusted earnings per share around $0.19, in line with consensus.

While North America may face ongoing sell-in pressure, RBC expects mainland China and travel retail to show growth. Sales in Europe, the Middle East and Africa could soften due to weaker conditions in the UK and major European markets, the report said.

The firm has an outperform rating on the stock with a $107 price target.

The beauty company is due to report fiscal Q1 results on Thursday.

Estee Lauder ( EL ) shares were down 1.3% in recent trading on Tuesday.

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